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5 Amendments of Sharon BOWLES related to 2010/0279(COD)

Amendment 56 #
Sharon BOWLES
Proposal for a regulation
Recital 1 a (new)
(This follows th(1a) The improved economic governance frapporteur's amendment recital 1a (new), adding the words 'with particular focus upon development and strengthening of the Single Market, fostering of internationalmework should rely on several inter- linked and coherent policies for sustainable growth and jobs built upon a sound Union strategy for growth and jobs, with particular focus upon development and strengthening of the Single Market, fostering of international trade links and competitiveness, an effective framework for preventing and correcting excessive budgetary positions (the Stability and Growth Pact), a robust framework for preventing and correcting macro- economic imbalances, enhanced financial market regulation and supervision (including macro-prudential supervision by the European Systemic Risk Board) and a credible permanent crisis resolution mechanism. Or. en trade links and competitiveness'.)
2011/02/15
Committee: ECON
Amendment 72 #
Sharon BOWLES
Proposal for a regulation
Recital 2 a (new)
(2a) Achieving and maintaining a dynamic Single Market shall be considered an element of the proper and smooth functioning of the economic and monetary union.
2011/02/15
Committee: ECON
Amendment 95 #
Sharon BOWLES
Proposal for a regulation
Recital 6 a (new)
(6a) Sovereign debt in a currency union has differing dynamics to those of independent currencies. Maintenance of the preferential treatment of Eurozone Sovereign debt should therefore be reviewed and where there is an instance of non-compliance with the Stability and Growth Pact under regulation (EC) 1466/97 and Regulation (EC) 1467/97 restricted or withdrawn, as a disciplinary measure to address excessive macroeconomic imbalances and observance of the Stability and Growth Pact.
2011/02/15
Committee: ECON
Amendment 227 #
Sharon BOWLES
Proposal for a regulation
Article 3 a (new)
Treatment of Sovereign Debt in Capital Requirements When a Member State is subject to procedures under Article 3 of this Regulation or Article 10 paragraph 5b of Regulation (EC) 1466/97 or recommendation under Article 10 paragraph 5b of (NEW) Regulation on the prevention and correction of Macroeconomic imbalances the sovereign debt of that Member State held by any financial institution subject to EU regulation shall no longer be eligible: a) for zero risk weighting in respect of capital requirements, b) as liquid assets c) for exclusions from prohibition and concentration rules on asset holdings. Directives and Regulations shall be amended accordingly.2. The Commission may apply this provision as an alternative or at an earlier stage to fines or deposits. The Commission may also recommend a partial or phased withdrawal of the eligibility.
2011/02/15
Committee: ECON
Amendment 241 #
Sharon BOWLES
Proposal for a regulation
Article 4 a (new)
Meeting Between Parliaments Whenever there is an invitation to a meeting between the competent committee of the European Parliament and a Member State to explain a position, required action or divergence from the requirements herein, the meeting shall be convened under the auspices of one of: a) the European Parliament b) the Member State Parliament or c) the Rotating Presidency Parliament
2011/02/15
Committee: ECON
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